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Trump steel tariffs raised prices, shriveled up demand, led …

Trump promised a new dawn for the struggling U.S. steel industry in 2016, but higher steel prices due to his tariffs have dented demand. ... industry, which includes iron and steel mills, employed ...

Some Chinese steel mills ordered to cap output this year

Several Chinese steel mills have received instructions to cap this year's output at the same level as 2022, five people familiar with the matter and analyst reports said on Tuesday, potentially ...

How Nucor Steel's mini-mill revolutionized the …

Steel manufacturing was at one point the most important industry in the United States. It was one of the biggest employers, a driver of economic growth, and it shaped our national security. Cars ...

Indian steel mills fear surge in Chinese imports …

NEW DELHI, May 16 (Reuters) - India's steel industry, already reeling from cheaper imports, is worried about a surge in shipments from China after the United States imposed tariffs on Chinese ...

15 Biggest Steel Companies in the US

In this piece, we are going to look at 15 Biggest Steel Companies in the US. If you wish to skip our detailed analysis of the global steel industry, along with a quick peek at the U.S. market as ...

How Steel Built the Modern Economy

China, which already makes about half the world's steel, is spending tens of billions of dollars to build new coal-fired steel mills, despite its own overcapacity issues.

South Africa still waiting for its largest ever Chinese-invested steel mill

Relocating Chinese production. China's crude steel production fell in 2015 for the first time in 20 years. According to the China Iron and Steel Industry Association, Chinese steelmakers made a loss of ZAR50 billion in the first half of 2015, and are indebted as much as ZAR6 trillion in loans.

Iron ore under pressure as China's steel mills cut …

The China Iron and Steel Association said China's big steel mills reported a total 2023 profit of 85.5 billion yuan ($18 billion), a 12.47 per cent decrease from the previous year.

China's coastal mill migration seen benefiting …

China's steel producers will benefit from a plan to relocate steel production capacity from inland to coastal areas by reducing transportation costs and meeting emission requirements under the …

Steel Market Update Column: US trade laws must be …

The stainless steel industry has been particularly affected by the expansion of Chinese-owned steel production into Indonesia, which has the world's largest mining reserves of nickel, a key component in the production of stainless steel. ... requiring that it be processed domestically in Indonesia —providing yet another benefit to Chinese ...

The rise of China's giant steel mills

For the big sustainability questions, we provide a comprehensive, coherent view of how the transition to a low carbon, sustainable economy will affect commodity industries and regions, helping you to navigate the sustainability landscape. ... This is acting as an obstacle to pricing power in the industry, despite Chinese steel mills accounting ...

Brazilian Steel Industry

The sector claims for incentives to encourage the internal market, since there is an excessive production of steel throughout the world, resulting in lower demand. Exports 2012 was a rough year for the sector, with exports decreasing 9.6% in volume and 16.7% in value, compared to 2011.

The Big Picture: China's steel sector and export …

Although no explicit production targets for Chinese steel mills in 2024 have been publicised as yet, a statement from the highly influential National Development and Reform Commission on 3 April …

U.S. Steel sale prompts political backlash. But Pittsburgh's steel …

Tony Buba, a filmmaker who lives near the Edgar Thomson plant and whose father worked for 44 years at a steel mill, sees a misplaced nostalgia around Pittsburgh's steel industry. Mill jobs were ...

India imposes anti-dumping duty on some Chinese steel for …

India imposed anti-dumping duty on Chinese steel for 5yrs. Steel Sec. Sinha monitored imports after industry raised concerns. China was 2nd biggest exporter to India (Apr-Jul), selling 0.6m metric ...

Intelligent Manufacturing Technology in the Steel Industry of China…

Intelligent manufacturing, defined as the integration of manufacturing with modern information technologies such as 5G, digitalization, networking, and intelligence, has grown in popularity as a means of boosting the productivity, intelligence, and flexibility of traditional manufacturing processes. The steel industry is a necessary support for …

China Steel Sector's Malaise Deepens With No Relief in Sight

(Bloomberg) -- There's more trouble brewing in the world's biggest steel market.Most Read from BloombergAfrica's Richest City Needs $12 Billion to Fix InfrastructureNew York City's Outdoor ...

Steel industry emissions are a big contributor to climate

For the moment, however, these innovations are dwarfed by the magnitude of the industry. The United States and Europe, centers for clean steel research, make less than 15% of the world's iron and steel. About half is made in China, where conventional coal-powered blast furnaces are the standard.

Indian steel mills seek iron ore export ban as China sales jump

Smaller steelmakers in India seek a ban on iron ore exports after a 170% surge in sales to Chinese mills inflated local prices. Fearing industry shutdowns, lobby groups from major manufacturing states request government restrictions. Second-tier producers, constituting 40% of national output, face higher input costs than top mills. …

The rise of China's giant steel mills

CRU believes that China is destined for a new phase of steel industry consolidation that could lead to a fundamental change in China's steel industry landscape with ramifications reaching far beyond China.

The Steel Industry's Best-Kept Secret: Cleveland-Cliffs

The steel industry is not in a great place right now. Here are some of the latest headlines from Bloomberg, which show a wide range of issues, including problems in China, warnings of a "severe ...

Why the British steel industry is on the brink of extinction

The UK steel industry is at a turning point - a way of life is already lost for many former workers. But if it can be resurrected as a powerful motor of a green economy, it's a tantalising prospect.

Chinese built steel plant heralds the return of manufacturing …

The Chinese steel giant has already identified a site for dam construction and will need approvals from relevant authorities. The country's mining development minister Winston Chitando believes the project will be a top foreign currency generator and a big contributor to the country's US$12bn mining industry. ... One such industry that …

China steel mills diversify to lift profits

Ansteel, one of the biggest steel makers in Hebei province, has moved into the coal sector while Maanshan, a large mill in central China, has invested billions of …

China Puts Brakes on New Steel Mills With Industry in Crisis

Demand has fallen more than 10% since 2020, and many analysts say the industry will need to shrink to fit an economy that's becoming less reliant on steel-intensive construction. Chinese steel ...

China's top 10 steelmakers' output share hits 43% of total …

Despite some apparent negatives, three steel-related Chinese trades have performed well in 2023-24: (1) steel exports, (2) iron ore imports and (3) coking coal …

Steel industry in China

During its modernization process, China has built up a gigantic production capacity for iron and steel and is, by way, the largest steel producer worldwide, with an …

Beyond the politics of nostalgia: What the fall of …

In other words, American steel mills now produce roughly the same amount of steel with only half as many workers as they did in 1990 – and many, many times fewer workers than they did during Pittsburgh's …

Nippon Steel Corporation (NSC) to Acquire U. S. Steel, …

TOKYO & PITTSBURGH--(BUSINESS WIRE)-- Nippon Steel Corporation (NSC) (TSE: 5401), Japan's largest steelmaker and one of the world's leading steel manufacturers, and United States Steel Corporation (NYSE: X) ("U. S. Steel"), a leading steel producer with competitive advantages in low-cost iron ore, mini mill steelmaking, …

US Steel, Nucor Build Major Mills Amid Steelmakers' …

United States Steel Corp. and Nucor Corp. each announced plans this week to build multibillion-dollar steel mills as the steel sector moves to modernize and electrify amid rising demand.